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Due to the end of Somersoft this thread is being continued at Property Chat https://propertychat.com.au/community/threads/mindarie-wa-blackminster-joint-venture-4-apartments.524/

This is very true. Blacky and his brother are banking/finance nerds :)

Awesome news for him (and us!). I was up there the other day and had lunch with the kids and dog at The Boat and I think I could see them under construction. I wanted to go for a drive and check it out but I was out voted by small children :)

drum roll!!!! The Blackminster JV has Development Approval from the City of Wanneroo :D Just waiting on official letter. So then we get plans assessed by engineer, working drawings, building permit and THEN go to site. This stage can be 2-4mths. But progress is progress.

That's the one

Our next door neighbour shown is an art gallery on the bottom and 2 storey house above as the area is mixed commercial/residential zoning.

Update time. Council sent a letter at the end of December and asked for some minor amendments to the plan to improve garage reversing and distance from a corner truncation. This involved moving the entrance to the common stairs from between the garages to the side which actually works very...

Hello good lookin' :D I love our elevations. We are ready to lodge for DA just doing paperwork for it Front facing Marina Rear laneway Side elevation (yup that's some slope!)

Yup we are very excited. It's nice to see ideas from your head translated into plans. Of course its even more exciting to see that constructed but one step at a time. In the timeline of things we have managed to get to DA lodging approximately 2mths post settlement.

Very interesting. I'd love to know what/how/what they are doing. Has it started construction yet?

Cheers Big Ears! Blackminster just enjoyed a quiet drink to celebrate Settlement today! Hoorah!!

The other block sold for more than we paid so they had a touch of Sellers Remorse and a massive bunched up panties wedgy! Jez - not too bad. We had some good contacts though. Yes commercial lending but no servicing during construction, its all capitalised. Due to the small number of...

Yes we used Mel who is a lawyer. Thank goodness we did because she when she said what we were saying it sounded way better and more official. Having a lawyer on your side is awesome.

All I can manage to say FAAAARRRKKKK. Truly epicly bad week but all good now. Almost lost the deal due to contractual mess. Lessons - do have a lawyer for Settlement. Our Lawyer sounded way scarier than their conveyancer - do date EVERY change made on contracts - do read how to do...

I'm soon to be 40 but less mature than my 15yo :D Blacky is a spring chicken.

Small update: We've just had a Skype meeting (love technology!) Design is coming along well. We have our second version of the concept and have decided on some changes to it. We are happy that we have met or know all our Due Diligence items so will be taking off that 'Subject To'...

Yes his brother's company who built the development went into Liquidation in Feb. I'm quite sure that is why the apartments have dropped $60k in price - I'm sure there is some pressure to get finished products sold and money into the accounts. We agree :) I went through their apartments and...

We knew it's listing history: 24/08/2012 From $565,000 04/05/2012 $585,000 21/02/2012* $625,000 28/09/2011* POA 09/11/2010* $695,000 07/07/2009* $850,000 Then we opened verbal discussions to see how firm they were on the 'from $565'. Turns...

Figures and details updated in first thread

I'll get you there :) I know this sounds cocky. But it's not that hard but it is riskier when you want to do something a bit outside the square. We've known about this site for months. Too many to put in a sig! lol! I'm only allowed 2 x URLs. This takes the total to 5. It was 3 2 weeks...